These documents are partial translations of the Japanese originals for reference purposes only.
In the event of any discrepancy between these translated documents and the Japanese originals, the originals
shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translations.

(Securities Code: 8714)
June 1, 2017
To Shareholders with Voting Rights:
Hirohisa Fujita
Representative Director andPresident
Senshu Ikeda Holdings, Inc.
18-14, Chayamachi, Kita-ku,
Osaka, JapanNOTICE OF CONVOCATION OF
THE 8TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 8th Annual General Meeting of Shareholders of Senshu Ikeda
Holdings, Inc. (the “Company”). The meeting will be held for the purposes described below.
If you are unable to attend the meeting, please review the Reference Documents for the General Meeting of
Shareholders described hereinafter. Then, mark and return the enclosed Voting Rights Exercise Form withyour vote of approval or disapproval via mail, or read the “Procedures for Exercising Voting Rights via theInternet” (on pages 3 and 4) and exercise your voting rights through a computer or mobile phone at theExercise of Voting Rights Website designated by the Company (http://www.evote.jp/) by no later than 5:40
p.m. on Tuesday, June 27, 2017, Japan time.
1. Date and Time:

Wednesday, June 28, 2017, at 10:00 a.m. Japan time

2. Place:

10F, Conference Room, Osaka International Convention Center (“Grand Cube
Osaka”), 5-3-51, Nakanoshima, Kita-ku, Osaka, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report and Consolidated Financial Statements for theCompany’s 8th Fiscal Year (from April 1, 2016, to March 31, 2017) andresults of audits of the Consolidated Financial Statements by the Accounting
Auditor and the Audit & Supervisory Board
2. Non-consolidated Financial Statements for the Company’s 8th Fiscal Year(from April 1, 2016, to March 31, 2017)

Proposals to be resolved:
Proposal No. 1: Appropriation of Surplus
Proposal No. 2: Partial Amendments to the Articles of Incorporation
Proposal No. 3: Election of Twelve (12) Directors
Proposal No. 4: Election of Four (4) Audit & Supervisory Board Members
End

1

Guide to the Exercise of Voting Rights
If you are attending the meeting:Date and time of the meeting: 10 a.m., Wednesday, June 28, 2017
When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception deskof the convention center on the day of the meeting for confirmation.
Exercise of voting rights in writing
Deadline for exercising voting rights: Arrival until 5:40 p.m., Tuesday, June 27, 2017
You are kindly requested to mark and return the Voting Rights Exercise Form with your vote of approval ordisapproval via mail by no later than the deadline above.
Exercise of voting rights via the Internet, etc.
Deadline for exercising voting rights: Until 5:40 p.m., Tuesday, June 27, 2017
You are kindly requested to access the voting website (http://www.evote.jp/) and follow the on-screen
instructions to indicate your approval or disapproval of each proposal.
Refer to pages 3 and 4 for details.

◎ Of the documents needed to be attached to this notice of convocation, the Notes to the Non-consolidated
Financial Statements and the Notes to the Consolidated Financial Statements are, in accordance with laws
and regulations as well as Article 23 of the Articles of Incorporation of the Company, posted on the
Company’s website (http://www.senshuikeda-hd.co.jp/) and are therefore not included with this document.
The Attached Documents are part of the Non-consolidated Financial Statements and the Consolidated
Financial Statements, which have been audited by Audit & Supervisory Board Members in preparing the
Audit Report and by the Accounting Auditor in preparing the Accounting Audit Report.
◎ In the event that any revisions to the Business Report, the Consolidated Financial Statements, theNon-consolidated Financial Statements and/or the Reference Documents for the General Meeting of
Shareholders are required, revised items will be posted on the Company’s website(http://www.senshuikeda-hd.co.jp/).

2

Procedures for Exercising Voting Rights via the Internet
Exercise of Voting Rights Website
The exercise of voting rights via the Internet is possible only by accessing the Exercise of Voting Rights
Website (http://www.evote.jp/) designated by the Company either from a computer or a smartphone, or amobile phone (i-mode, EZweb or Yahoo!Ketai).* (However, this website is not available from 2 a.m. to 5 a.m.
daily.)
There are two ways to accept votes on the Exercise of Voting Rights Website, and the shareholder’s vote shallbe automatically sorted depending on the operating environment of the shareholder’s communicationequipment*i-mode, EZweb and Yahoo! are trademarks or registered trademarks of NTT DoCoMo Inc., KDDI CORPORATION andYahoo! Inc., respectively.

When using computers or smartphones:
The exercise of voting rights on the voting website for computers or smartphones might be disabled byoperating environments, including the use of a firewall when accessing the Internet, the use of antivirus
software, the use of a proxy server and/or the type/specifications of the OS or browser software.
At the voting website (http://www.evote.jp/), use the log-in ID and temporary password given on the enclosed
Voting Rights Exercise Form and follow the on-screen instructions to indicate your approval or disapproval ofeach proposal.
When using mobile phones:
For your exercise of voting rights on the voting website for mobile phones, make sure to use the i-mode,
EZweb or Yahoo! mobile service. To preserve security, you cannot vote through a model of phone that does
not allow encrypted transmission (SSL transmission) or transmission of the phone ID information.
2-dimensional code for mobile phones
Cautionary Statement:

To protect against illegal access by persons other than qualified shareholders (“spoofing”) and themanipulation of voting details, please be aware that shareholders using the Exercise of Voting Rights
Website will be asked to change their temporary password.

Whenever the next general meeting of shareholders is convoked, new temporary passwords will be
issued.



If you have exercised your voting rights both by mail and via the Internet, those exercised via the Internet
will be taken as valid.



If you have exercised your voting rights multiple times on the Internet, the final vote will be considered
as valid. If you have exercised your voting rights both on the website for computers and/or smartphones
and on the website for mobile phones, the final vote cast will be considered as valid.



The costs incurred when accessing the Exercise of Voting Rights Website, including Internet access fees
and telephone rates, will be the responsibility of the shareholder. Similarly, fees required to use mobile
phones, such as packet transmission fees, will also be the responsibility of the shareholder.

3

Access Procedures for the Exercise of Voting Rights Website:
議決権行使ウェブサイト(Exercise of Voting Rights Website) 検索（SEARCH）
STEP 1

Access the Exercise of Voting Rights Website
http://www.evote.jp/

1 Click 次の画面へ (NEXT) .
STEP 2

Log in2 Enter the ログインID (log-in ID) and 仮パスワード(temporary password) given at the right bottom of
the Voting Rights Exercise Form, and3 Click ログイン（LOG-IN）.
Hereinafter, please follow the on-screen input guidance and indicate your approval or disapproval.
Although the exercise of voting rights via the Internet will be acceptable until 5:40 p.m., Tuesday, June 27,
2017, your early exercise is recommended.
If you are unclear as to the operation of your PC and other devices regarding the exercise of voting rights via
the Internet, please contact the “Help Desk” by calling the following number.
For inquiries about the system or other matters, contact:
Securities Business Division (Help Desk), Mitsubishi UFJ Trust and Banking Corporation
Phone: (0120) 173-027 (Toll Free) (available from 9 a.m. to 9 p.m.)

To institutional investors:

Nominee Shareholders (including standing proxies) may apply in advance to ICJ to exercise their voting rights
electronically through the “Electronic Voting Platform,” which is operated by ICJ Inc., established by Tokyo
Stock Exchange, Inc., and other entities, as a means via the Internet to participate in the general meeting ofshareholders of the Company.

4

Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal No. 1: Appropriation of Surplus
While ensuring the health of its financial standing in view of its public position as a banking holding
company, the Company adopts the “performance-based” return of stable dividends to shareholders (asdividends or through the acquisition of treasury shares) based on internal reserves to be accumulated in the
future.
Policy on Returns to Shareholders
 Continue to stably ensure dividends at “15 yen per share.” If consolidated net income for the year exceeds the profit benchmark of 17.5 billion yen,approximately 30% of the excess portion shall be returned to shareholders as dividends or throughthe acquisition of treasury shares while taking into account other factors.
 The ratio of returns to shareholders shall be determined each accounting period in light of equity
market trends, toward a target of 25% ‒ 30%.
Based on the above policy, in comprehensive consideration of the condition of business results and the
management environment, etc., the Company proposes that the appropriation of surplus for the fiscal year
ended March 31, 2017, be as described below. Additionally, concerning funds held as internal reserves, theCompany plans to utilize these funds for measures such as investment in future business expansion andstrengthening of its financial standing.
Matters concerning year-end dividends(1) Type of dividend property
Cash(2) Matters concerning the allotment of dividend property and the total amountFor each share of Class 3 Preferred Shares, the Company proposes a dividend of 35 yen (thereby
making the annual dividend including the interim dividend 70 yen per share), pursuant to the Articles
of Incorporation.
For each share of the First Series of Class 7 Preferred Shares, the Company proposes a dividend of 15
yen (thereby making the annual dividend including the interim dividend 30 yen per share), pursuant
to the Articles of Incorporation.
For ordinary shares, the Company proposes a dividend of 7.5 yen per share (thereby making theannual dividend including the interim dividend 15 yen per share).
The total amount of dividends in this case will be 2,743,578,900 yen.
(3) Effective date of distribution of surplus
June 29, 20175

Proposal No. 2: Partial Amendments to the Articles of Incorporation
Due to the enforcement of “Act for Partial Amendment of the Banking Act, etc., to Address Advances inInformation and Communication Technology and Other Environmental Changes” on April 1, 2017, business
operations common to multiple subsidiaries within the bank holding group including banks, were included in
the business activity of the bank holding company, provided that the bank holding company undertaking suchoperation will contribute to the integral and efficient operation of the business.
In light of the foregoing, to capacitate the Company to engage in the said business activity, the Company
proposes following changes to Article 2 (Objectives) of the Articles of Incorporation.
(Content of changes to the Articles of Incorporation)(Underlines indicate changed sections.)

Present Articles of Incorporation(Objectives)
Article 2

Proposal to Amend the Articles of Incorporation(Objectives)

The objective of the Company, as a bank Article 2

The objective of the Company, as a bankholding company, shall be to engage in theholding company, shall be to engage in thefollowing business activities:

following business activities:

1. Management of banks and other companies, of

1. Management of banks and other companies, ofwhich are allowed to become subsidiaries of thewhich are allowed to become subsidiaries of theCompany pursuant to the Banking Act of Japan

Company pursuant to the Banking Act of Japan(the “Banking Act”).

(the “Banking Act”).
2. All businesses ancillary or related to business

2. Excluding above, all businesses ancillary or

described in the preceding item.

related to business described in the preceding
item.
(New provision)3.

In addition to what are listed in the preceding
two items, all businesses allowed to be
performed by the bank holding company underthe Banking Act, etc.

6Proposal No. 3: Election of Twelve (12) Directors
The terms of office of all ten (10) Directors: Hirohisa Fujita, Kazuyuki Kataoka, Atsushi Ukawa, Akira
Tahara, Takayuki Ota, Motoshi Inoue, Hiroo Maeno, Yasuki Hosomi, Taro Ohashi and Kazuo Hiramatsu
will expire at the conclusion of this Annual General Meeting of Shareholders.
Accordingly, to reinforce our compliance with the Corporate Governance Code, the Company proposes toincrease the number of Outside Directors by two (2), and the election of twelve (12) Directors is proposed.
The candidates for Directors are as follows:
Current position and responsibilities
No. Name
within the Company
1
Hirohisa Fujita(Reappointment)
Representative Director and President
2
Kazuyuki Kataoka (Reappointment)
Representative Director and Chairman in chargeof Internal Audit Division
3
Atsushi Ukawa(Reappointment)
Director, Secretary; in charge of Board of
Directors Office, Personnel and General Affairs
Division, and General Risk Management Division
4
Akira Tahara(Reappointment)
Director in charge of Corporate Planning Division
5
Takayuki Ota(Reappointment)
Director
6
Motoshi Inoue(Reappointment)
Director
7
Hiroo Maeno(Reappointment)
Director; Head, Board of Directors Office, andGeneral Manager, Personnel and General Affairs
Division
8
Yasuki Hosomi(Reappointment)
Director
9
Taro Ohashi(Reappointment)
Director(Outside Director)
10 Kazuo Hiramatsu(Reappointment)
Director(Outside Director)
11 Minoru Furukawa(New Appointment)(Outside Director)
12 Takao Koyama(New Appointment)(Outside Director)

7

No.
1
Apr.
May
May
Jun.
Jun.
Oct.
May
Jun.
Jun.
Jun.

Reappointment

Date of birth
November 1, 1952
Years as a Director
7 years and 9 months
Number and class of the Company’s
Ordinary shares
Hirohisa Fujita
shares held
35,282 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1976 Joined the Bank of Ikeda, Ltd. (currently the Senshu Ikeda Bank, Ltd.)
1998 General Manager, System Division, the Bank of Ikeda, Ltd.
2000 Executive Officer, the Bank of Ikeda, Ltd.
2003 Director, the Bank of Ikeda, Ltd.
2005 Managing Director, the Bank of Ikeda, Ltd.
2009 Director, the Company
2010 Managing Director, the Senshu Ikeda Bank, Ltd.
2011 Senior Managing Director, the Senshu Ikeda Bank, Ltd.
2012 Representative Director and President, the Company (current position)2012 Representative Director and President, the Senshu Ikeda Bank, Ltd. (current position)(Significant concurrent position)
Representative Director and President, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Hirohisa Fujita as a candidate for Director >Mr. Hirohisa Fujita assumed the position of a Director of the Senshu Ikeda Bank, Ltd., a Group company, after having
consecutively held the position of General Manager of the Systems Division in the operation & system departments and of
the CS Business Planning Division in the CS department. As a Director of the Senshu Ikeda Bank, Ltd., he successively held
the positions of Director in charge of the Loan, CS, Market, operation & system and international departments, and Director
in charge of Regional department. Accordingly, the Company believes that he has abundant knowledge and experience toensure precise, fair and efficient execution of the overall business of the entire Group and sufficiently high social credibility
as a representative director of the Company.

No.
2
Apr.
May
Sep.
Jun.
Jun.
Jun.
Jun.
Oct.
May
Jun.
Jun.
Jun.
Jun.

Reappointment

Date of birth
May 19, 1952
Years as a Director
7 years and 9 months
Number and class of the Company’s
Ordinary shares
Kazuyuki Kataoka
shares held
21,960 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1976 Joined the Sanwa Bank, Ltd. (currently the Bank of Tokyo-Mitsubishi UFJ, Ltd.)
2004 General Manager (attached to division), Corporate Division (Osaka), UFJ Bank Limited(currently the Bank of Tokyo-Mitsubishi UFJ, Ltd.)
2004 Executive Officer, UFJ Bank Limited
2005 Executive Officer, UFJ Central Leasing Co., Ltd. (currently Mitsubishi UFJ Lease &Finance Company Limited)2006 Managing Executive Officer, UFJ Central Leasing Co., Ltd.
2009 Adviser, the Senshu Bank, Ltd. (currently the Senshu Ikeda Bank, Ltd.)2009 Senior Managing Director, Senior Managing Executive Officer, the Senshu Bank, Ltd.
2009 Director, the Company
2010 Senior Managing Director, the Senshu Ikeda Bank, Ltd.
2012 Representative Director and Chairman, the Company
2012 Representative Director and Chairman, the Senshu Ikeda Bank, Ltd.
2016 Representative Director and Chairman in charge of Internal Audit Division, theCompany (current position)2016 Representative Director and Chairman in charge of Internal Audit Division, the Senshu
Ikeda Bank, Ltd. (current position)(Significant concurrent position)
Representative Director and Chairman, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Kazuyuki Kataoka as a candidate for Director >Mr. Kazuyuki Kataoka joined the Senshu Ikeda Bank, Ltd., after having served in the corporate business promotion andseveral other departments of UFJ Bank Limited (currently the Bank of Tokyo-Mitsubishi UFJ, Ltd.). After joining theSenshu Ikeda Bank, Ltd., as a Director, he held the position of Director in charge of the risk management and auditing. He is
especially well versed in the business administration department. Accordingly, the Company believes that he has abundant
knowledge and experience to ensure precise, fair and efficient execution of the business of the Group and sufficiently highsocial credibility as a representative director of the Company.

8

No.
3
Apr.
Aug.
Nov.
May
Jun.
Jun.
Jun.
Jun.
Jun.

Reappointment

Date of birth
July 19, 1956
Years as a Director
5 years
Number and class of the Company’s
Ordinary shares
Atsushi Ukawa
shares held
16,600 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1980 Joined the Bank of Ikeda, Ltd. (currently the Senshu Ikeda Bank, Ltd.)
2006 General Manager, Planning and Coordination Office, the Bank of Ikeda, Ltd.
2006 Executive Officer, the Bank of Ikeda, Ltd.
2010 Executive Officer, the Senshu Ikeda Bank, Ltd.
2011 Director, the Senshu Ikeda Bank, Ltd.
2012 Director, the Company
2014 Managing Director, the Senshu Ikeda Bank, Ltd.
2016 Director, Senior Managing Executive Officer, Secretary; in charge of Board of
Directors Office; in charge of Personnel Affairs Division; and in charge of General
Affairs Division, the Senshu Ikeda Bank, Ltd. (current position)2016 Director, Secretary; in charge of Board of Directors Office; in charge of Personnel andGeneral Affairs Division; and in charge of General Risk Management Division, theCompany (current position)(Significant concurrent position)
Director and Senior Managing Executive Officer, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Atsushi Ukawa as a candidate for Director >Mr. Atsushi Ukawa assumed the position of a Director of the Senshu Ikeda Bank, Ltd., a Group company, after having
served in the Corporate Planning, operation & system and several other departments. After assuming the position of Directorof the Senshu Ikeda Bank, Ltd., he successively held the positions of General Manager of the Operation Management
Division and the Corporate Planning Division, Director in charge of Regional Headquarters and Director in charge of theLoan, personnel affairs and several other departments. He has especially abundant experience in the Corporate Planning andoperation & system departments. Accordingly, the Company believes that he has abundant knowledge and experience toensure precise, fair and efficient execution of the business of the Group and sufficiently high social credibility.

No.
4
Apr.
May
Oct.
May
May
Jun.
Jun.
Apr.
Jun.

Reappointment

Date of birth
September 22, 1956
Years as a Director
5 years
Number and class of the Company’s
Ordinary shares
Akira Tahara
shares held
13,820 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1979 Joined the Sanwa Bank, Ltd. (currently the Bank of Tokyo-Mitsubishi UFJ, Ltd.)2009 Joined the Senshu Bank, Ltd. (currently the Senshu Ikeda Bank, Ltd.)
General Manager, Management Planning Division, the Senshu Bank, Ltd.
2009 General Manager, Corporate Planning Division, the Company
2010 Executive Officer, the Company
2010 Director, the Senshu Ikeda Bank, Ltd.
2012 Director, the Company
2012 Managing Director, the Senshu Ikeda Bank, Ltd.
2015 Director in charge of Corporate Planning Division, the Company (current position)2016 Director and Senior Managing Executive Officer; in charge of Corporate Planning
Division and Tokyo Office, the Senshu Ikeda Bank, Ltd. (current position)(Significant concurrent position)
Director and Senior Managing Executive Officer, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Akira Tahara as a candidate for Director >Mr. Akira Tahara joined the Senshu Ikeda Bank, Ltd., after having served in the corporate business promotion and several
other departments, of UFJ Bank Limited (currently the Bank of Tokyo-Mitsubishi UFJ, Ltd.). After he joined the Senshu
Ikeda Bank, Ltd., he assumed the position of Director after having served as General Manager of the Corporate Planning
Division and other positions. As a Director of the Company, he held the position of Director in charge of the Loan andCorporate Planning departments. He has especially abundant experience in the Corporate Planning department. Accordingly,
the Company believes that he has abundant knowledge and experience to ensure precise, fair and efficient execution of thebusiness of the Group and sufficiently high social credibility.

9

No.
5
Apr.
Jun.
May
Jun.
Jun.
Jun.
Jun.
Jun.

Reappointment

Date of birthJanuary 29, 1958
Years as a Director
1 yearNumber and class of the Company’s
Ordinary shares
Takayuki Ota
shares held
15,280 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1981 Joined the Senshu Bank, Ltd. (currently the Senshu Ikeda Bank, Ltd.)2009 General Manager, Credit Analysis Division, the Senshu Bank, Ltd.
2010 Executive Officer, the Senshu Ikeda Bank, Ltd.
2011 Administration Officer, General Manager, First Credit Analysis Division, the Senshu
Ikeda Bank, Ltd.
2013 Executive Officer, the Senshu Ikeda Bank, Ltd.
2014 Managing Executive Officer, the Senshu Ikeda Bank, Ltd.
2016 Director and Senior Managing Executive Officer; General Manager, Loan
Headquarters, the Senshu Ikeda Bank, Ltd. (current position)2016 Director, the Company (current position)(Significant concurrent position)
Director and Senior Managing Executive Officer, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Takayuki Ota as a candidate for Director >Mr. Takayuki Ota successively held the positions of General Manager of divisions and headquarters mainly in the Loan and
CS departments of the Senshu Ikeda Bank, Ltd., a Group company. He also has considerable achievements in administering
branch management as Director in charge of Regional Headquarters. Accordingly, the Company believes that he has theabundant knowledge and experience to ensure precise, fair and efficient execution of the business of the Group andsufficiently high social credibility.

No.
6
Apr.
Nov.
Apr.
May
Apr.
Jun.
Jun.
Jun.

Reappointment

Date of birth
May 31, 1960
Years as a Director
3 years
Number and class of the Company’s
Ordinary shares
Motoshi Inoueshares held
14,086 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1983 Joined the Bank of Ikeda, Ltd. (currently the Senshu Ikeda Bank, Ltd.)
2006 General Manager, Ashiya Branch, the Bank of Ikeda, Ltd.
2008 Executive Officer, the Bank of Ikeda, Ltd.
2010 Executive Officer, the Senshu Ikeda Bank, Ltd.
2013 Managing Executive Officer, the Senshu Ikeda Bank, Ltd.
2014 Director, the Company (current position)2014 Managing Director, the Senshu Ikeda Bank, Ltd.
2016 Director and Senior Managing Executive Officer; General Manager, CS Headquarters,
the Senshu Ikeda Bank, Ltd. (current position)(Significant concurrent position)
Director and Senior Managing Executive Officer, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Motoshi Inoue as a candidate for Director >Mr. Motoshi Inoue has long experience in the CS department of the Senshu Ikeda Bank, Ltd., a Group company. After
having served as General Manager of the Tokyo Branch, Director in charge of Regional Headquarters and Director in chargeof the Private Banking and several other departments, he assumed the position of Director of the Company. He successively
held the positions of Director in charge of Regional Headquarters and Director in charge of the CS and several otherdepartments. He is especially well versed in the CS department and has considerable achievements in administering branchmanagement as Director in charge of Regional Headquarters. Accordingly, the Company believes that he has abundant
knowledge and experience to ensure precise, fair and efficient execution of the business of the Group and sufficiently highsocial credibility.

10

No.
7
Apr.
Jun.
Jun.
Jun.
Jun.
Jun.
Jul.
Jun.

Reappointment

Date of birthJanuary 30, 1962
Years as a Director
3 years
Number and class of the Company’s
Ordinary shares
Hiroo Maeno
shares held
14,900 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1985 Joined the Senshu Bank, Ltd. (currently the Senshu Ikeda Bank, Ltd.)2012 General Manager, Risk Management Division, the Senshu Ikeda Bank, Ltd.
2012 General Manager, General Risk Management Division, the Company
2013 Executive Officer, the Senshu Ikeda Bank, Ltd.
2014 Director, the Company
2014 Director, the Senshu Ikeda Bank, Ltd.
2015 Director, General Manager, Personnel and General Affairs Division, and Head, Boardof Directors Office, the Company (current position)2016 Director and Managing Executive Officer; Head, Board of Directors Office; andGeneral Manager, Personnel Affairs Division, the Senshu Ikeda Bank, Ltd. (current
position)(Significant concurrent position)
Director and Managing Executive Officer, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Hiroo Maeno as a candidate for Director >Mr. Hiroo Maeno has long experience in the Corporate Planning Headquarters of the Senshu Ikeda Bank, Ltd., a Group
company. After having served in the Loan department, the Risk Management and several other Headquarters, he assumed
the position of Director of the Company. He successively held the positions of Director in charge of the Risk Management
Headquarters and General Manager of the Personnel Division. He is especially well versed in the Corporate Planning and
Risk Management Headquarters. Accordingly, the Company believes that he has abundant knowledge and experience toensure precise, fair and efficient execution of the business of the Group and sufficiently high social credibility.

No.
8
Apr.
Apr.
Jun.
Jun.
Jun.
Jun.

Reappointment

Date of birth
February 15, 1963
Years as a Director
1 yearNumber and class of the Company’s
Ordinary shares
Yasuki Hosomi
shares held
23,488 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1985 Joined the Bank of Ikeda, Ltd. (currently the Senshu Ikeda Bank, Ltd.)2012 General Manager, Sakai Branch, the Senshu Ikeda Bank, Ltd.
2013 Executive Officer, the Senshu Ikeda Bank, Ltd.
2015 Managing Executive Officer, the Senshu Ikeda Bank, Ltd.
2016 Director and Managing Executive Officer; Acting General Manager, CS Headquarters;
and General Manager, Relationship Unit, the Senshu Ikeda Bank, Ltd. (current position)2016 Director, the Company (current position)(Significant concurrent position)
Director and Managing Executive Officer, the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Yasuki Hosomi as a candidate for Director >Mr. Yasuki Hosomi has long experience in the business offices of the Senshu Ikeda Bank, Ltd., a Group company,
successively serving as General Manager of four branches and General Manager of three divisions centering on the CS
department. He also has considerable achievements in administering branch management as Director in charge of Regional
Headquarters. Accordingly, the Company believes that he has abundant knowledge and experience to ensure precise, fairand efficient execution of the business of the Group and sufficiently high social credibility.

11

No.
9
Apr.
Jun.
Jun.
Jun.
Jun.
Jun.
May
Jun.
Apr.
Apr.

Apr.
Jun.
May
Jun.
Jun.
Jun.

Reappointment/Outside Director

Date of birthAugust 31, 1939
Years as a Director
2 years
Number and class of the Company’s
Ordinary shares
Taro Ohashi
shares held
18,610 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1962 Joined Keihanshin Electric Express Railway(changed its trade name into Hankyu Corporation on Apr. 1, 1973, Hankyu Holdings,
Inc. on Apr. 1, 2005, and then Hankyu Hanshin Holdings, Inc. on Oct. 1, 2006)
1990 Director, Hankyu Corporation
1992 Managing Director, Hankyu Corporation
1995 Senior Managing Director, Hankyu Corporation
1998 Senior Managing Director and Representative Director, Hankyu Corporation
1999 President and Representative Director, Hankyu Corporation
2003 Outside Audit & Supervisory Board Member, TOHO CO., LTD.
2003 Chairman and Representative Director, Hankyu Corporation
2004 Outside Audit & Supervisory Board Member, TOKYO RAKUTENCHI CO., LTD.
2005 Adviser, Hankyu Corporation (current position)*Hankyu Corporation carried out a corporate split on Apr. 1, 2005, whereby Hankyu
Corporation transferred its railway business and all other businesses to Hankyu Railway
Business Succession Co., Ltd. (its trade name was changed to Hankyu Corporation on
Apr. 1, 2005), and changed its trade name to Hankyu Holdings, Inc. at the same time.
*Hankyu Holdings, Inc. changed its trade name to Hankyu Hanshin Holdings, Inc. on
Oct. 1, 2006.
2007 Outside Director, TOKYO RAKUTENCHI CO., LTD.
2007 Outside Audit & Supervisory Board Member, the Bank of Ikeda, Ltd. (currently the
Senshu Ikeda Bank, Ltd.)2010 Outside Audit & Supervisory Board Member, the Senshu Ikeda Bank, Ltd.
2015 Outside Director, the Company (current position)2015 Outside Director, the Senshu Ikeda Bank, Ltd.
2016 Outside Director, FM802 Co., Ltd. (current position)(Significant concurrent positions)
Adviser, Hankyu Corporation
Outside Director, FM802 Co., Ltd.

< Reason for appointing Mr. Taro Ohashi as a candidate for Outside Director >Mr. Taro Ohashi has successively held such positions as Representative Director of Hankyu Corporation, Outside Audit &Supervisory Board Member of TOHO CO., LTD., and Outside Audit & Supervisory Board Member of TOKYORAKUTENCHI CO., LTD. As he has an appropriate level of knowledge regarding finance and accounting and sufficiently
high social credibility, the Company believes that he will be able to fulfill the role of Outside Director.

12

No.
10
Apr.
Apr.
Apr.
Apr.
Jun.
Jun.
Jun.
Jun.
Jun.
Apr.
Apr.

Reappointment/Outside Director

Date of birthAugust 10, 1947
Years as a Director
6 years
Number and class of the Company’s
Ordinary sharesKazuo Hiramatsu
shares held
— shares
Past experience (Positions, responsibilities, and significant concurrent positions)1979 Assistant Professor, School of Business Administration, Kwansei Gakuin University
1985 Professor, School of Business Administration, Kwansei Gakuin University
2001 Trustee, Kwansei Gakuin
2002 President, Kwansei Gakuin University
2008 Outside Director, Sumitomo Electric Industries, Ltd. (current position)2010 Outside Audit & Supervisory Board Member, Daido Life Insurance Company (current
position)2010 Outside Director, Member of the Board, ShinMaywa Industries, Ltd. (current position)2011 Outside Director, the Company (current position)2011 Outside Director, the Senshu Ikeda Bank, Ltd.
2016 Councilor, Kwansei Gakuin (current position)2016 Professor Emeritus, Kwansei Gakuin University (current position)(Significant concurrent positions)
Outside Director, Sumitomo Electric Industries, Ltd.
Outside Audit & Supervisory Board Member, Daido Life Insurance Company
Outside Director, Member of the Board, ShinMaywa Industries, Ltd.
Councilor, Kwansei Gakuin< Reason for appointing Mr. Kazuo Hiramatsu as a candidate for Outside Director >Mr. Kazuo Hiramatsu has a wide range of experience and a high level of views from his past experience as President ofKwansei Gakuin University, as well as the current positions of Outside Director of Sumitomo Electric Industries, Ltd. and
ShinMaywa Industries, Ltd., and Outside Audit & Supervisory Board Member of Daido Life Insurance Company. As he also
has sufficiently high social credibility, the Company believes that he will be able to fulfill the role of Outside Director.

No.
11
Apr.
Jun.
Jun.
Jun.
Apr.
Jun.
Apr.
Apr.
Jun.
Apr.

New Appointment/Outside Director

Date of birthJune 13, 1943
Years as a Director— years
Number and class of the Company’s
Ordinary shares
Minoru Furukawa
shares held
— shares
Past experience (Positions, responsibilities, and significant concurrent positions)1966 Joined Hitachi Zosen Corporation
1994 Chief Manager, Accounting Department, Hitachi Zosen Corporation
1998 Director, Hitachi Zosen Corporation
2001 Representative Director and Senior Managing Director, Hitachi Zosen Corporation2005 Representative Director and President, Hitachi Zosen Corporation2010 Representative Director, Chairman and President, Hitachi Zosen Corporation2013 Representative Director, Chairman and CEO, Hitachi Zosen Corporation
2016 Representative Director and Chairman, Hitachi Zosen Corporation
2016 Outside Director, the Senshu Ikeda Bank, Ltd. (current position)2017 Senior Corporate Advisor Director, Hitachi Zosen Corporation (current position)(Significant concurrent positions)
Non-Executive Director (non-full time), the Senshu Ikeda Bank, Ltd.
Senior Corporate Advisor Director, Hitachi Zosen Corporation
Outside Director, The Midori Kai Co., Ltd.
Outside Director, Osaka International Convention Center Corporation
Outside Audit & Supervisory Board Member, Osaka District Development Company,
Incorporated
Vice Chairman, Osaka Chamber of Commerce and Industry
Vice-Chairman, The Japan Machinery Federation
Executive Director, Kansai Economic Federation< Reason for appointing Mr. Minoru Furukawa as a candidate for Outside Director >Mr. Minoru Furukawa has successively held such positions as Representative Director of Hitachi Zosen Corporation as wellas key positions for Osaka Chamber of Commerce and Industry, The Japan Machinery Federation, and Kansai Economic
Federation. With his wide range of experience and high level of views as well as his sufficiently high social credibility, theCompany believes that he will be able to fulfill the role of Outside Director.

13

No.
12
Apr.
Apr.
Apr.
Apr.
Apr.
Jun.

New Appointment/Outside Director

Date of birth
December 11, 1948
Years as a Director— years
Number and class of the Company’s
Ordinary shares
Takao Koyamashares held
— shares
Past experience (Positions, responsibilities, and significant concurrent positions)1971 Joined Hitachi, Ltd.
2004 General Manager, Kanto Area Operation, Hitachi, Ltd.
2007 Vice President and Executive Officer; and General Manager of Kansai Area Operation,
Hitachi, Ltd.
2011 Representative Director, Executive Vice President and Executive Officer, Hitachi
Solutions, Ltd.
2012 Director, Executive Vice President and Executive Officer, Hitachi Solutions, Ltd.
2016 Outside Director, the Senshu Ikeda Bank, Ltd. (current position)(Significant concurrent position)
Non-Executive Director (non-full time), the Senshu Ikeda Bank, Ltd.

< Reason for appointing Mr. Takao Koyama as a candidate for Outside Director >As a Vice President, Executive Officer and Branch President of Kansai Branch Office, Hitachi, Ltd., Mr. Takao Koyama
successively held such positions as Deputy General Manager of Corporate Sales & Marketing Group, followed by his
position as a Representative Director and Executive Vice President of Hitachi Solutions, Ltd. With his wide range ofexperience and high level of views as well as his sufficiently high social credibility, the Company believes that he will beable to fulfill the role of Outside Director.
Notes: 1. There is no special interest between the candidates and the Company.
2. Mr. Taro Ohashi, Mr. Kazuo Hiramatsu, Mr. Minoru Furukawa and Mr. Takao Koyama are candidates for
Outside Directors as stipulated in Article 2, Paragraph 3, Item 7 of the Enforcement Regulations of the JapaneseCompanies Act. The Company has submitted to the Tokyo Stock Exchange a notification designating Mr. Taro
Ohashi and Mr. Kazuo Hiramatsu as Independent Officers pursuant to the regulations of the Tokyo Stock
Exchange. If the election of Mr. Taro Ohashi and Mr. Kazuo Hiramatsu is approved, they will continue to be
Independent Officers. If the election of Mr. Minoru Furukawa and Mr. Takao Koyama is approved, they will be
newly appointed as Independent Officers.
3. Although Mr. Kazuo Hiramatsu has never been involved in corporate management in ways other than assuming
the positions as Outside Officer, due to the above reasons for appointing him as a candidate for Outside Director,
the Company believes that he can appropriately fulfill the duties of Outside Director.
4. Sumitomo Electric Industries, Ltd., where Mr. Kazuo Hiramatsu serves as Outside Director, received an orderfrom the National Development and Reform Commission of the Republic of China to pay surcharge underAnti-Monopoly Act of the country in August 2014, in relation to the transactions of products related toautomotive wiring harnesses. However, the violation is acknowledged to have stopped in 2009, before Mr.
Kazuo Hiramatsu assumed office as an Outside Director. Although Mr. Kazuo Hiramatsu was unaware of theviolating acts until such matters were identified, he has often confirmed and expressed his opinion on internal
control systems and specific measures based on the changes in global regulations or the wrongdoing of othercompanies. After the matters were discovered, he has made comments regarding maintenance and enhancement
as well as ensuring the effectiveness, etc., of the compliance structure against competition laws across the Groupto eradicate and prevent from recurring any violating acts against Anti-Monopoly Act including competition lawof other country.
5. Although Mr. Taro Ohashi and Mr. Kazuo Hiramatsu are currently Outside Directors of the Company, their termsof office as Outside Directors will be two (2) years for Mr. Taro Ohashi and six (6) years for Mr. Kazuo
Hiramatsu, respectively, at the conclusion of this General Meeting of Shareholders.
6. Although Director candidates Mr. Minoru Furukawa and Mr. Takao Koyama are currently Outside Directors of
the Specified Associated Service Provider of the Company (a subsidiary of the Company), the Senshu Ikeda
Bank, Ltd., they are to become Non-Executive Directors (non-full time) on June 28, 2017.
7. Liability limitation agreements with Outside Directors
In accordance with stipulations in the Articles of Incorporation, the Company has concluded liability limitationagreements with Outside Directors to limit the liabilities of Article 423, Paragraph 1 of the Companies Act to theamount stipulated in Article 425, Paragraph 1 of the Companies Act, assuming that the duties of the Outside
Directors are performed in good faith and without gross negligence.
If Mr. Taro Ohashi and Mr. Kazuo Hiramatsu are elected as Outside Directors at this General Meeting of
Shareholders, the Company plans to continue this agreement with the two (2) reappointed Directors and newly
conclude the same with the two (2) newly appointed Directors.

14

Proposal No. 4: Election of Four (4) Audit & Supervisory Board Members
The term of office of Audit & Supervisory Board Members Mr. Takashi Nishi, Mr. Toshiaki Imanaka, and
Mr. Toshiaki Sasaki will expire at the conclusion of this Annual General Meeting of Shareholders.
Accordingly, the Company proposes that the shareholders elect four (4) persons as Audit & Supervisory
Board Members, including an increase of one (1) Outside Audit & Supervisory Board Member to reinforce
the audit function.
This proposal has been approved by the Audit & Supervisory Board.
The candidates for Audit & Supervisory Board Members are as follows:
No. Name
Current position within the Company
1
Susumu Kawakami(New Appointment)2
Toshiaki Sasaki(Reappointment)
Outside Audit & Supervisory Board(Outside Audit & Supervisory
MemberBoard Member)
3
Seiji Morinobu(New Appointment)(Outside Audit & Supervisory
Board Member)
4
Kouhei Nakanishi(New Appointment)(Outside Audit & Supervisory
Board Member)

15

No.
1

Apr.
Jun.
Jun.
May
Jun.
Jun.

New Appointment

Date of birthJanuary 22, 1956
Years as an Audit &－ years
Supervisory Board Member
Susumu Kawakami
Number and class of the Company’s Ordinary sharesshares held
13,040shares
Past experience (Positions, responsibilities, and significant concurrent positions)1979 Joined the Senshu Bank, Ltd. (currently the Senshu Ikeda Bank, Ltd.)
2007 General Manager, Personal Division, the Bank of Ikeda, Ltd.
2009 Executive Officer, the Bank of Ikeda, Ltd.
2010 Executive Officer, the Senshu Ikeda Bank, Ltd.
2011 Managing Executive Officer, the Senshu Ikeda Bank, Ltd.
2016 Senior Managing Executive Officer in charge of Risk Management Division, theSenshu Ikeda Bank, Ltd. (current position)< Reason for appointing Mr. Susumu Kawakami as a candidate for Audit & Supervisory Board Member >Mr. Susumu Kawakami assumed the position of an Executive Officer of the Senshu Ikeda Bank, Ltd., a Group company,
after having served as General Manager of market department and CS department. As an Executive Officer, he successively
held the positions of Officer in charge of Regional Headquarters, Personnel Affairs Division, General Affairs Division andRisk Management Division. He has been involved in the management area for many years and has wide range of knowledge
and experience as well as sufficiently high social credibility. Accordingly, the Company believes that he will be able tofulfill the role of an Audit & Supervisory Board Member independently from business execution.

No.

2

Apr.
May
Mar.
Jun.
Sep.
Aug.
Oct.

Reappointment/Outside Audit &Supervisory Board Member

Date of birth

February 23, 1941

Years as an Audit &7 years and 9 months
Supervisory Board Member
Toshiaki Sasaki
Number and class of the Company’s Ordinary sharesshares held
31,360 shares
Past experience (Positions, responsibilities, and significant concurrent positions)1963 Joined Koki Sogo Bank, Ltd.
1975 Joined Bank of Osaka, Ltd. (currently Kinki Osaka Bank, Limited)1990 General Manager, Main Branch, Bank of Osaka, Ltd.
1990 Audit & Supervisory Board Member, Senshu Bank, Ltd. (currently the Senshu Ikeda
Bank, Ltd.)
1990 Executive Director, Senshu Gakuen
1998 President, Senshu Gakuen (current position)2009 Outside Audit & Supervisory Board Member, the Company (current position)(Significant concurrent position)
President, Senshu Gakuen< Reason for appointing Mr. Toshiaki Sasaki as a candidate for Outside Audit & Supervisory Board Member >Mr. Toshiaki Sasaki has abundant experience and wide range of insights through his business experience at financial
institutions for many years, as well as sufficiently high social credibility. Accordingly, the Company believes that he will beable to fulfill the role of an Outside Audit & Supervisory Board Member from an objective and neutral position.

16

No.

3

Apr.
Apr.
Apr.
Apr.
Apr.
Feb.

New appointment/Outside Audit &Supervisory Board Member

Date of birth

July 9, 1949

Years as an Audit &- years
Supervisory Board Member
Seiji Morinobu
Number and class of the Company’s Ordinary sharesshares held
—shares
Past experience (Positions, responsibilities, and significant concurrent positions)1978 Registered with the Osaka Bar Association
1988 Founded Umeshin Law Firm
Director, Umeshin Law Firm (current position)
2004 Vice President, the Osaka Bar Association
Governor, the Japan Federation of Bar Associations
2005 Visiting Professor, Graduate School of Law and Politics, Osaka University
Visiting Professor, Cooperative Graduate School2013 Executive Governor, the Japan Federation of Bar Association
2015 Outside Director, KITAKEI CO., LTD. (current position)(Significant concurrent positions)
Outside Director, KITAKEI CO., LTD.
Director, Umeshin Law Firm

< Reason for appointing Mr. Seiji Morinobu as a candidate for Outside Audit & Supervisory Board Member >Mr. Seiji Morinobu has a wide range of experience and insights as an attorney. He has also served as a Governor of theJapan Federation of Bar Association and has sufficiently high social credibility. In addition, through his experience as an
Outside Director of KITAKEI CO., LTD., the Company believes that he will be able to fulfill the role of an Outside Audit &Supervisory Board Member in auditing the legality of the management execution from an objective and neutral position.

No.

4

Apr.
Oct.
Aug.
Oct.
Jun.
Apr.
Sep.
Mar.

New appointment/Outside Audit &Supervisory Board Member

Date of birth

November 13, 1954

Years as an Audit &- years
Supervisory Board Member
Kohei Nakanishi
Number and class of the Company’s Ordinary sharesshares held
—shares
Past experience (Positions, responsibilities, and significant concurrent positions)1977 Joined Export-Import Bank of Japan (current Japan Bank for International Cooperation)
2004 Director General, Human Resources Division, Japan Bank for International Cooperation2007 Resident Executive Officer for Europe and the Middle East, Japan Bank forInternational Cooperation
2008 Japan Finance Corporation; and Managing Executive Officer, Japan Bank forInternational Cooperation2011 Managing Director, Japan Bank for International Cooperation2012 Executive Director; and Global Head of Corporate Group Managing Executive Officer,
Japan Bank for International Cooperation2013 Corporate Advisor, Mitsubishi Corporation (current position)2016 Outside Director (Director, Audit and Supervisory Committee Member), SUMCO
Corporation (current position)(Significant concurrent positions)
Corporate Advisor, Mitsubishi Corporation
Outside Director (Director, Audit and Supervisory Committee Member), SUMCO
Corporation< Reason for appointing Mr. Kohei Nakanishi as a candidate for Outside Audit & Supervisory Board Member >Mr. Kohei Nakanishi served as an Executive Director of Japan Bank for International Cooperation, and successively held thepositions as Corporate Advisor of Mitsubishi Corporation and Outside Director of SUMCO Corporation, through which hegained wide range of experience and knowledge regarding international finance as well as experience on corporate
management and knowledge and insight into corporate governance. He also has sufficiently high social credibility;
accordingly, the Company believes that he will be able to fulfill the role of an Outside Audit & Supervisory Board Member
independently from an objective and neutral position.

17

Notes:1. (1) There is no personal relationship or other special interests between Senshu Gakuen where Mr. Toshiaki Sasaki
serves as the President and the Company or the Group, excluding the ordinary bank transactions with theSenshu Ikeda Bank, Ltd.
(2) There are no special interests between other candidates for Audit & Supervisory Board Members and theCompany.
2. Mr. Toshiaki Sasaki, Mr. Seiji Morinobu, and Mr. Kohei Nakanishi are candidates for Outside Audit & Supervisory
Board Members as stipulated in Article 2, Paragraph 3, Item 8 of the Enforcement Regulations of the JapaneseCompanies Act. The Company has submitted to the Tokyo Stock Exchange a notification designating Mr. Toshiaki
Sasaki as Independent Officer pursuant to the regulations of the Tokyo Stock Exchange. If the election of Mr.
Toshiaki Sasaki is approved, he will continue to be Independent Officer. If the election of Mr. Seiji Morinobu and
Mr. Kohei Nakanishi is approved, they will be newly appointed as Independent Officers.
3. Although Mr. Seiji Morinobu has never been involved in corporate management in ways other than assuming thepositions as Outside Officer, due to the above reasons for appointing him as a candidate for Outside Audit &Supervisory Board Member, the Company believes that he can appropriately fulfill the duties of Audit &Supervisory Board Member.
4. Mr. Toshiaki Sasaki is currently serving as one of the Outside Audit & Supervisory Board Members. His terms in
office will be 7 years and 9 months at the conclusion of the General Meeting of Shareholders.
5. Liability limitation agreements with Outside Audit & Supervisory Board Members
In accordance with stipulations in the Articles of Incorporation, the Company has concluded liability limitationagreements with Outside Audit & Supervisory Board Members to limit the liabilities of Article 423, Paragraph 1 of
the Companies Act to the amount stipulated in Article 425, Paragraph 1 of the Companies Act, assuming that theduties of the Outside Audit & Supervisory Board Members are performed in good faith and without grossnegligence.
If the candidates are elected as Outside Audit & Supervisory Board Members at this General Meeting of
Shareholders, the Company plans to continue this agreement with Mr. Toshiaki Sasaki upon his reappointment, andnewly conclude the same with the two (2) newly appointed Audit & Supervisory Board Members.

18

<Reference>

Criteria for Independence of Outside Directors and Outside Audit & Supervisory Board Members
The Senshu Ikeda Group judges the independence of the respective candidates for Outside Directors/Audit &Supervisory Board Members according to the following criteria.
<Standard for judging the independence>
At the Senshu Ikeda Group, as a general rule, Outside Directors/Audit & Supervisory Board Members shall bethose who do not fall under any of the following requirements, at present or recently.1
1. A person who deems the Group to be a major2 business partner, or in the case of a company, an executing
person thereof.
2. A person who the Group deems to be a major business partner, or in the case of a company, an executing
person thereof.
3. A business consultant, an accounting specialist or a legal specialist who has received a large sum3 ofmoney and other properties other than Officers’ remuneration from the Group (or a quasi-executing
person who has belonged to the payee’s group).
4. A person who the Company deems to be a major shareholder4 of the Company, or in the case of acompany, an executing person thereof.
5. A payee of a large sum of donation from the Group, or a quasi-executing person of the payee’s group, inthe case where the receiver of the monies, etc., is an entity.
6. A former executing person of any of the Group companies in the past.5
7. A relative6 of a person (excluding those who are not significant) mentioned below:
A. A person who is mentioned in the aforementioned items 1 through 6.
B. Directors, Audit & Supervisory Board Members, Executive Officers and important employees of anyof the Group companies
Notes:
1. Definition of “recently”: Refers to cases that might be regarded as almost “at present,” for example,
including the case where said person fell under any infringement requirement item since the content of a
proposal for the selection as Outside Director or Outside Audit & Supervisory Board Member wasdetermined.
2. Definition of “major”: Refers to 2% or more of the consolidated net sales per annum (Consolidated
ordinary income in case of the Company) for the nearest fiscal year, as a benchmark for judgment.
3. Definition of “a large sum”: Refers to a three-year average amount of ¥10 million or more per annum forthe past three years.
4. Definition of “major shareholder”: Refers to a shareholder who held 10% or more of the total voting
rights at the end of the nearest fiscal year.
5. Definition of “past”: Refers to “within 10 years up to the present.”
6. Definition of “relative”: Refers to “within the second degree of kinship of a person.”End

19